Toyota Australia has posted a manufacturing milestone with the production and sale of its two-millionth locally built car for the domestic market.
General Motors Holden has rejected the government’s plan to enforce car makers to increase exports in return for further government assistance.
GM Holden has reportedly attached a price of $600 million to shutting down its car making in Australia.
It’s not easy being a small business in the current manufacturing environment. The face of manufacturing is changing, and businesses are eager for technological advances that could give them a competitive advantage.
The coalition government is considering providing Holden with short term funding before Christmas as it waits to finalise long term plans for the industry.
New car sales in Australia dropped by 2.1 per cent in September and six out of the top ten brands also recorded sales drops for the month.
Adelaide wheel manufacturer ROH has called on Holden to stop importing from North America and to start using ROH’s locally made wheels.
New Federal Industry Minister Ian Macfarlane has admitted he is not yet sure about future funding to Holden and has called on the carmaker to be patient.
New federal industry minister Ian Macfarlane and SA premier Jay Weatherill are visiting GM Holden’s Elizabeth plant for a tour and a meeting with the car maker.
Mixed results for auto manufacturers in the United States have resulted in a slight drop in new vehicle sales in the country.
Perth-based Vmoto, a manufacturer of electric scooters, is looking to raise up to $5 million from investors in Australia and the UK for purposes led by a joint venture with a Chinese controller maker.
Small Chinese auto manufacturers are likely to feel the stress from a new, stricter warranty law that is being introduced by the Beijing government.
Toyota chairman Takeshi Uchiyamada has called for an increase in sales of hybrid vehicles in the United States.
Nine Japanese auto-parts companies and two executives have pleaded guilty to charges of price fixing in the United States.
A local manufacturer of wheels has criticised Holden’s decision to import 12,000 wheels from the United States to keep up with unexpectedly high demand for its SS-V Redline car.
Toyota Australia has exported its 1 millionth motor vehicle to the Middle East and has become the nation’s largest car exporter.
Swedish truck maker, Volvo Group has announced that it will make cost cuts and cut staff over the next two years.
According to this interview with Innes Willox, The Ai Group CEO, “Germany is in some ways a model for Australia when it comes to economic development, particularly around manufacturing”.
Goodyear Tyre & Rubber, owner of Beaurepaires is to decrease its Australian and New Zealand operations and focus more on the Asian market.
SA premier Jay Weatherill has repeated his warning that Holden will cease manufacturing in Australia if the new federal government does not pledge further assistance.